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Trade expert recommends strict conditions for Chinese acquisition in Hamburg terminal

Cosco ought to open its trade systems for Hamburg’s city government, thus allowing for monitoring of the carrier’s business methods, if the Chinese company wants to be co-owner of container terminal in Hamburg, suggests expert.

Photo: PR/Port of Hamburg/Michael Lidner

If state-controlled Chinese container line Cosco becomes co-owner of a container terminal in the Port of Hamburg, it should be on the condition that Hamburg’s city government gets access to Cosco’s digital infrastructure and gains influence on the carrier’s price policy.

Such is the recommendation by Rolf J. Langhammer, professor and trade expert at the Kiel Institute for the World Economy.

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